Monday, June 14, 2004

The City Controller has signed off on the mayor's plan to use a $30 million reserve to hedge tax proposals expected to bring in $25 million in 2004-05, should voters give the affirmative in November. "In my opinion, the revenue estimates contained in the mayor's FY 2004-05 proposed budget are reasonable based on our knowledge of current and projected economic conditions," Ed Harrington wrote in his annual revenue letter Monday.